DSP Merrill Lynch is a leading participant in the origination of debt issuance programs
and facilities. We originate and place a wide variety of instruments ranging from
short term debentures to long-term credit enhanced structured debt.
The debt origination team works closely with the investment banking group and the
debt sales team to provide structured solutions to clients. DSP Merrill Lynch has
been instrumental in bringing key innovations to the Indian Debt Markets like introducing
book building for corporate issues, the 1st issue backed by a foreign standby letter
of credit, the 1st partial credit guarantee structure, the 1st premium RMBS issue
and the 1st equity collateralised obligation debenture issue.
DSPML's partnership with Merrill Lynch has also helped us to assist our clients
in tapping international markets for resource raising. In the past, we have been
associated with overseas capital market issues by ICICI Bank, IDBI, NTPC, ONGC,
Power Finance Corporation, Reliance Industries Limited, SBI European Bank and the
erstwhile SCICI Limited.
DSPML's close interaction with Merrill Lynch abroad also ensures that clients benefit
from the wide experience of Merrill Lynch as well as the in-depth, in-house research
of both ML and DSPML.
Debt Sales distributes various fixed Income products to institutional investors
and corporates which include financial institutions, insurance companies, banks,
mutual funds, foreign institutional investors, provident / gratuity funds, religious
/ educational / charitable and other trusts. This business segment has helped DSPML
emerge as one of the largest distributors of fixed income and mutual fund products
in India. Debt sales comprises one of the most experienced team of professionals
in the debt market.
DSPML is an accredited primary dealer with the Reserve Bank of India and a leading
trader in the Fixed Income market comprising of Government Securities / Treasury
bills and Interest Rate Swaps. We maintain a leadership position in the secondary
market. As a primary dealer we regularly quote bid / offer rates in both cash and
derivative products as per our clients requirements.
Central Government Dated Securities
State Government Securities
Interest Rate Swaps